By leveraging AI technology, Kaito streamlines the process of gathering Web3-related data into a single, easy-to-use product. It achieves this by collecting and condensing information from various sources, including Twitter, Discord, governance forums, Medium, and podcast transcriptions, all with a single click.
Kaito’s search engine will enhance search results by employing techniques similar to those utilized by established industry leaders like Google and Bing. These techniques may include ranking, topic mining, and personalized recommendations, among others.
Kaito has already introduced an institutional version of its platform and is presently collaborating with OpenAI to integrate ChatGPT into a forthcoming version of its search engine, specifically designed for individuals. ChatGPT, recognized as the world’s most advanced AI-powered chatbot, made history by reaching 100 million users faster than any other application. It is widely regarded as a major technological breakthrough with the potential to revolutionize the way we browse the internet and conduct business.
According to an interview with TechCrunch, Yu Hu, the founder and CEO of Kaito, highlighted that in the world of crypto and Web3, individuals are consistently struggling with an excess of information. Kaito aims to address this issue by considerably reducing the time it takes to obtain answers, from 30 minutes or an hour down to a mere 10 seconds.
Yu Hu, a finance industry veteran, spent almost ten years at Citadel, one of the world’s most lucrative hedge funds, before developing an interest in crypto in 2017. He observed that unlike the conventional finance industry, where information is well-organized on platforms such as the Bloomberg Terminal, crypto information is scattered and decentralized. As a solution to this problem, Kaito intends to simplify navigation of the Web3 ecosystem.
The abundance of information in the crypto industry can hinder its widespread adoption, deterring new participants who must absorb a great deal of unfamiliar knowledge, ultimately contributing to skepticism regarding crypto as a technology.
To address this issue, one solution is to create user-friendly Web3 applications that are easily navigable for individuals unfamiliar with crypto, providing them with an incremental introduction to the field. Another approach is to improve accessibility to crypto-related information, and Kaito’s search engine could be a significant contribution towards this objective. The company intends to offer its individual search engine for free, positioning themselves as a potential Web3 equivalent to Google’s search engine.
Is it Time to Buy Crypto Again?
In light of the recent fluctuations in the market, investors are questioning whether it is an opportune time to purchase cryptocurrency once more, particularly those seeking rapid returns who may want to consider investing in high-potential tokens offered by emerging crypto projects during their presale.
